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Issue Open Date
|
21-Feb-24
|
|
|
|
Issue Closing Date
|
23-Feb-24
|
|
|
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Application Money
|
100
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|
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Allotment Money
|
|
|
|
|
|
|
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Price Band
|
342
-
360
|
|
|
|
Minimium Application No.
|
40
|
|
|
|
Issue Size (Shares)
|
50000000
|
|
|
|
Market Lot
|
1
|
|
|
|
|
|
Objective
|
|
1. Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings availed by our Company and our recent acquisitions, namely CHPL and CHHPL.2. General corporate purposes.
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|
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|
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Category
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No. of Shares
|
No. of Shares
|
Subscription Ratio
|
|
|
Offered / Reserved |
Bid For |
|
|
Non-Institutional Investors
|
7894736
|
6680080
|
0.846143556921979
|
|
Qualified Institutional Buyers
|
15789474
|
46711200
|
2.95837594083248
|
|
Retail Individual Investors
|
5263157
|
6722880
|
1.27734741714906
|
|
|
|
|
Business Description
We are a luxury hotel development and ownership company, and are the largest owner, by number of Keys of“Hyatt” affiliated hotels in India as of June 30, 2023. (source: Horwath Report) We have a portfolio of sevenhotels and serviced apartments and operate a total of 1,836 keys as of the date of this Draft Red Herring Prospectus.We benefit from a unique and longstanding partnership of over 40 years between Saraf Hotels (including erstwhileand current affiliates, collectively referred to as the “Saraf Group”), a hotel developer with a strong and wellestablished track record in India, and affiliates of a globally recognized premier hospitality brand, Hyatt HotelsCorporation (NYSE: H) (“HHC”) (collectively with its affiliates “Hyatt”). We are the only hotel developmentcompany in India with which Hyatt has a strategic investment. We own 20% of Hyatt group affiliated hotel roomsin India as on June 30, 2023 (source: Horwath Report) and have extensive experience in identifying opportunitiesin hospitality destinations, developing high-end hotels in these locations and nurturing them through active assetmanagement. We are also focused on providing quality guest experience, while operating our assets efficiently.
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Promoter's Holding
|
|
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|
Total Share Capital
|
172502384
|
|
|
|
Offered to Public
|
50000000
|
|
|
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Promoter's Holding (Pre-Issue)
|
100
|
|
|
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Promoter's Holding (Post-Issue)
|
77.53
|
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|
|
|
|
|
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Address |
Off Western Express Highway
Santacruz (East)
Mumbai,
Maharashtra,
400055
Phone : 022-66761000
Email : complianceofficer@juniperhotels.com
Website : www.juniperhotels.com
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|
|
Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad
|
|
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Listed at |
|
BSE, NSE
|
|
|
Lead Manager |
CLSA India Ltd
ICICI Securities Ltd
JM Financial Ltd.
|
|
|
Promoters |
Arun Kumar Saraf
Juniper Investments Ltd
Saraf Hotels Ltd
Two Seas Holdings Ltd
|
|
